(70 ILCS 1805/5.1)(from Ch. 19, par. 605.1)Sec. 5.1. The Port District is authorized and empowered to establish,
organize, own, acquire, participate in, operate, sell and transfer Export
Trading Companies, whether as shareholder, partner, or co-venturer, alone
or in cooperation with federal, state or local governmental authorities,
federal, state or national banking associations, or any other public or
private corporation or person or persons. The term "Export Trading
Companies" means a person, partnership, association, public or private
corporation or similar organization, whether operated for profit or not for
profit, which is organized and operated principally for purposes of
exporting goods or services produced in the United States, importing goods
or services produced in foreign countries, conducting third-country trading
or facilitating such trade by providing one or more services in support of
such trade. Such Export Trading Companies and all of the property thereof,
wholly or partly owned, directly or indirectly, by the District, shall have
the same privileges and immunities as accorded to the District; and Export
Trading Companies may borrow money or obtain financial assistance from
private lenders or federal and state governmental authorities or issue
bonds with the same kinds of security, and in accordance with the same
procedures, restrictions and privileges applicable when the District
obtains financial assistance or issues bonds for any of its other
authorized purposes. Such Export Trading Companies are authorized, if
necessary or desirable, to apply for certification under Title II or Title
III of the Export Trading Company Act of 1982.(Source: P.A. 84-993.)